Record Result For The Schleswig-Holstein Ports

By 2018 Newsletter week 11

The Schleswig-Holstein ports have maintained their strength. The General Association of Schleswig-Holstein Ports (GVSH) achieved a turnover of 53.6 million tonnes last year. This is a record.
51 million tons was for the account of the “Big Four” of the GVSH (Lübeck, Brunsbüttel, Kiel and Puttgarden). These four ports account for 95% of the total volume. But even the smaller ports on the west coast and on the Kiel Canal have held up well, especially in terms of passenger numbers.

Lübeck, which is the strongest port in the region, recorded a most significant 5.5% growth in tons, mainly because of a rise in cargo carried by ro-ro ferries from Finnlines, SOL Continent Line, Stena Line, Transfennica and TT Line.

Kiel saw a 14% increase in tonnage. This was due in particular to Stena Line’s Kiel – Gothenburg route, as well as the handling of paper products from Eastern Sweden at the new forest product terminal.
Ferry traffic to Norway and the Baltic remained stable at a high level.

Increasing volumes of lorries on the Puttgarden – Rödby link gave the port of Puttgarden a positive development in cargo handling to 5.5 million tonnes (+ 5%).

The outlook for the current year is thoroughly optimistic. Nevertheless, Sebastian Jürgens, CEO of the GVSH warned the local Government: “Sustainable growth is not a self-reliance. It requires a high-performing infrastructure to support the development of Schleswig-Holstein’s ports. “

ORGANISATIONS

By 2018 Newsletter week 11

Espo Pleads For A Strong Connecting Europe Facility To Support The EUR 48 Billion European Port Investment Needs

 

The European Sea Ports Organisation (ESPO) has submitted its contribution to the public consultation in preparation of the new Connecting Europe Facility (CEF II) for the financial period 2021-2028. To prepare its submission, ESPO commissioned a study to investigate the future investment needs of European ports, as well as the past ability of ports to benefit from the different EU financial instruments.

The study will be officially presented at the forthcoming ESPO conference “Investing in the port of tomorrow” taking place on 31 May and 1 June in Rotterdam.

We have the pleasure to welcoming Mr Eamonn O’reilly, Chairman of the ESPO, at the Ferry Shipping Summit. Mr O’Reilly has been serving as Chief Executive of the Dublin Port Company since 2010.

IN THE MEDIA

By 2018 Newsletter week 11

Brodosplit Wants To Build Two Dry Docks

Brodosplit has asked geotechnical researcher Geotech to investigate how to build two dry docks in Split, Croatia.
The docks are primarily intended for the construction of new ships, and it is envisaged that there will be used for the construction of yachts, ferries and cruise ships.
One dock will be 200m long, the other one 100m. The latter should be covered with a roof.
Currently no shipyard in Croatia has dry docks for shipbuilding, except for some floating dry docks.
After the completion of the investigations, the necessary permits will be obtained. Construction will take up to three years.
Source: Jutarnji (in Croataian)

SHORT NEWS

By 2018 Newsletter week 11
  • One of ferry operator CalMac’s longest serving vessels is retiring from west coast service. RAASAY served the Sconser to Raasay route for 21 years from her launch in 1976 until increased traffic from the island made her unsuitable. She was the last of eight ‘Island class’ ferries launched and is capable of carrying six cars and up to 75 passengers. RAASAY has now been handed back to owner Caledonian Maritime Assets Ltd (CMAL) who are expected to announce a buyer for the vessel shortly.
  • FRS-owned AL ANDALUS EXPRESS, former NORD PAS-DE-CALAIS, has been chartered to ARMAS. She is needed as a replacement for a number of drydockings.
  • Ro-pax ferry ANDREAS KALVOS from Zante Ferries has been sold to Kefalonian Lines.
  • Ro-pax IONIAN SKY, laid up since a very long time, has been sold at auction to a Cypriot company.
  • The Kiel – Oslo ferry COLOR MAGIC got fined because of a multiple breach of the sulphur regulations. The measurements were done in Denmark, on the Great Belt Bridge. Color Line does not agree with the fine (of NOK 600,000) and filed a complaint. Apparently technical issues were at the basis of the problem, like malfunctioning exhaust analysers and a lack of water intake due to obstructions caused by shells.
  • Irish Ferries’ JONATHAN SWIFT is to be renamed CECILIA PAYNE for Baleària. She will enter service on June 1, between Denia and Ibiza – Palma.

FERRY FINANCE

By 2018 Newsletter week 11

Good results from ANEK affected by increase in bunker cost

Some key figures from ANEK Lines annual report:

Passengers +7% 1,040,000 (974,000)
Cars +9% 204,000(188,000)
Trucks +4% 139,000 (133,000)

Concerning financial results, during 2017 ANEK Group maintained its profitability for the third consecutive year. However, the increase in the average price of fuel resulted to the increase of operating cost and the reduction of EBIDTA, despite the increase of turnover.

Turnover € 164.7 million (€ 157.6 million)
Consolidated gross profit € 31.4 million (€ 41.1 million).
EBITDA € 12.8 million (€ 25.6 million)

VIDEO

By 2018 Newsletter week 11

First of three Torghatten LNG ferries launched in Turkey

Watch the video of the launch of the first of a series of three LNG-electric ro-pax ferries under construction in the Turkish shipyard of Tersan.
The ships will be used on Halhjem-Sandvikvåg in Western Norway.
Torghatten Nord also has two other identical vessels being built at the Norwegian shipyard Vard Brevik. All are designed by Multi-Maritime.

FERRY FINANCE

By 2018 Newsletter week 10

A Good Year For Color Line In 2017

Color Line AS, a company belonging to Color Group AS can look back on a successful 2017.

  • Operating revenue: NOK 4,968 million (4,896)
  • Operating profit before depreciation and charter leases: NOK 1,180 million (1,149)
  • Operating profit EBIT: NOK 630 million (616)
  • Net profit: NOK 372 million (426)
  • Number of passengers: 3,805,023 (3,850,947)
  • Number of freight units: 180,480 (175,680)

Color Group is expecting to record a profit in 2018 that is comparable to the figures reported in 2017.

As a reminder, the company entered last year into a contract with Ulstein for the construction of the world’s largest plug-in hybrid ro-pax for the Sandefjord-Strömstad route (spring 2019)

One more detail: interesting to know is also that 65% of the company’s estimated bunker costs for 2018 and approx. 30% for 2019 are secured by hedging.

FERRY SHIPPING

By 2018 Newsletter week 10

Fincantieri To Lenghten Two Grimaldi Cruise Ferries

Fincantieri and the Grimaldi Group have signed a letter of intent for the lengthening of CRUISE ROMA and CRUISE BARCELONA.
The construction of the sections that will be inserted in the ships will begin in 2018, while the end of the operations is expected by the summer of 2019.
The work will be done on the Palermo site, which has a great experience in such jobs (MSC Cruises, Silversea…)
Their length will change from 225m to 254m. The lane meters will improve from 3,000 to 3,700. Passenger capacity will jump from 3,000 to 3,500.

Reducing environmental impact and energy savings will be achieved by scrubbers and a system of mega lithium batteries, to power the ship during port calls.

Photo: Mike Louagie